Paul Haywood CEO of Block Energy joins our friends at IGTV to discuss the latest developments. Having listed on aim raising £5m less than a year ago with an intention to execute a low-risk development program, Haywood runs the rule over the company with Jeremy Naylor. The company has three assets in Georgia however the primary focus helping blocks growing popularity was born from an exciting result at 16A which sees production numbers as high as 1200Bbl/d. Now on a restricted choke, the company are able to deliver meaningful revenue whilst looking to increase it’s storage capacity. 700bbl/d on an annualised basis should deliver £10m free cash flow. commenting on the results Haywood trumpets “The production to date has blown expectation.”
Block was also covered in our latest Oil & Gas production, click here
